Monday, November 30, 2009

Mark Pittman RIP

Mark Pittman died this week (on Wednesday).

Pittman was with Bloomberg News. He was part of a team that won the Loeb Award last year for a five-part series in the financial crisis.

He also did pathbreaking work on Goldman Sachs' interest in the AIG bailout, Hank Paulson's role in creating the subprime mess, and the irresponsibility of the ratings agencies increating the conditions for its spread. In June 2007 he wrote a very detailed and incisive piece about the credit agencies that holds up well even with the benefit of 2 and 1/2 years of hindsight.

Felix Salmon, usually a quite astute guy, criticized Pittman for that story, and now regrets that.

Pittman was an old-school reporter, a native of Kansas City, whose first job was covering police for the Coffeyville Journal in southern Kansas in the early 1980s. Later he was at the Times Herald-Record in Middletown, NY, for twelve years, joining Bloomberg in 1997.

The obits I've seen are not very forthcoming about the cause of death, except that it was heart-related. Regardless: it is a loss.

For more, go here.

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